On March 17, 2025, former Prime Minister Thaksin Shinawatra addressed the pressing issue of household debt during his talk at Pishnulok University, highlighting his vision for economic prosperity for all Thais. Thaksin proposed audacious ideas for alleviating the financial burdens faced by citizens, such as the government potentially purchasing public debts from the banking system.
“We will buy all the people’s debts and let the people repay without needing to pay the full amount,” Thaksin stated, emphasizing the need for innovative approaches to tackle Thailand’s growing household debt crisis. He explained how freeing citizens from their debt obligations could allow them to regain control over their financial…
